Georgia Foreclosure Fraud Story Emblematic of Lack of Accountability, Crushing Consequences

By: Monday October 8, 2012 9:15 am

The financial fraud task force can file civil suits for the next 10 years, and they still won’t understand how this will not satisfy homeowners who had everything they’ve ever worked for taken away from them, and who see no complementary losses on the side of those who caused this tragedy in their lives. This is about a month old, but it was updated last week, and the scarred lives of foreclosure fraud victims resonates regardless of date.

Federal Court Blocks Some of Alabama Immigration Law, but “Papers Please” Here to Stay (For Now)

By: Tuesday August 21, 2012 7:35 am

Federal courts have consistently trimmed back attempts by states to write their own immigration laws. The Supreme Court overturned much of the Arizona immigration law in June, and federal judges have done the same to parts of laws in several Southern states. We saw another example of this yeterday, when the 11th Circuit Court of [...]

Schneiderman Reaches Another Settlement on Foreclosure Fraud, This Time With Defunct Steven J. Baum Law Firm

By: Thursday March 22, 2012 9:41 am

Stephen J. Baum, the New York-based foreclosure mill law firm which drew attention last year after photos cropped up from a Halloween party featuring its employees dressed as homeless people, reached a settlement with the New York Attorney General Eric Schneiderman over the filing of unverified, unsubstantiated and outright fabricated documents with state courts. Under [...]

Georgia Joins Other States in Diverting Foreclosure Fund Settlement Money for Non-Housing Purposes

By: Monday March 12, 2012 2:17 pm

When last I looked in on it, I counted $80.35 million in foreclosure fraud settlement funds earmarked for the states actually headed to purposes other than helping homeowners, its ostensible aim. This includes portions from Missouri, Wisconsin, Maine, Maryland and Vermont. Now we can probably add Georgia to the mix. State legislators and Gov. Nathan [...]

60 Minutes Shines Spotlight on Persistent Mortgage Fraud

By: Monday December 5, 2011 1:39 pm

If the President wants to show the country that he now wants to give Americans a fair shake and break up the “invisible government” that exists in parallel with Wall Street, he could give a statement on last night’s 60 Minutes story on two whistleblowers at mortgage originators who stand ready to work with the [...]

Murder in Georgia

By: Thursday September 22, 2011 6:25 am

Troy Davis was murdered by the state of Georgia at 11:08pm ET last night, after a last-ditch request for stay by the Supreme Court was denied. “The application for stay of execution of sentence of death presented to Justice Thomas and by him referred to the Court is denied,” read the terse order, with no [...]

Georgia Works Not Working; Just Twelve Applicants in August

By: Monday September 12, 2011 9:35 am

YMMV, but for me the worst element of the mostly-fine American Jobs Act is the plan modeled on Georgia Works, the job training program for the long-term unemployed. Businesses get free labor (let’s face it, there’s not a whole lot of “training” that goes into the perfunctory data entry or office slug jobs that would [...]

Job Training for Long-Term Unemployed Proposal Has Mixed Track Record in Georgia

By: Friday August 26, 2011 11:48 am

We have at least some hints of what this jobs package from the President will look like when he announces it in September. It’ll probably include some form of the FAST program, to invest money in refurbishing broken-down schools. It’ll probably include some form of job hiring tax credit. The long-touted cash for caulkers plan, [...]

S&P’s History of Relentless Political Advocacy

By: Monday August 8, 2011 6:10 am

I was tied up with other matters this weekend, so couldn’t offer a take on S&P’s downgrade decision. Jane has done most of the spade work here. But I wanted to make a few points. First of all, if the rating agency’s entire argument was that the political system showed itself to be “less stable, [...]

Federal Agency NCUA Sues Banks Over Putbacks of Bad Mortgages

By: Monday June 20, 2011 11:39 am

Another day, another lawsuit for the big banks – in this case JPMorgan Chase and the Royal Bank of Scotland – over their mortgage and securitization practices. Only this one comes from the National Credit Union Administration, a federal agency. The National Credit Union Administration Board, or NCUA, accused the institutions of packaging and selling [...]

Georgia Legislature Passes Anti-Immigrant Bill Similar to Arizona’s

By: Friday April 15, 2011 8:20 am

Georgia has followed Arizona and become the second state to pass an anti-immigration law which would empower law enforcement to check the immigration status of anyone they suspect of a crime, which could be applied even for something as trivial as a traffic violation. The bill, HB 87, would also force businesses to do the [...]

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